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Pimco Cuts Government Debt Stake Just In Time For June Selloff

TedTed
in Fund Discussions
FYI: The Pimco Total Return Fund, which lost its place as the world’s largest bond fund this year, cut holdings of U.S. debt to 8.5 percent of assets in May just in time for a June selloff.
Regards,
Ted
http://www.bloomberg.com/news/articles/2015-06-09/pimco-cuts-u-s-government-holdings-to-8-5-as-fed-spurs-yields

Comments

  • hank
    edited June 2015
    1. That's a big shift. I chopped off some bonds six weeks or so ago - but nothing like that move.

    2. Makes you wonder what they replaced the govt. paper with?

    3. You can be pretty sure they're buying some of those back this morning with the 10-year at 2.44%.

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